Navigation Links
Addus HomeCare Reports Third Quarter 2010 Results
Date:11/4/2010

PALATINE, IL, Nov. 4, 2010 /PRNewswire-FirstCall/ --

Third Quarter Financial Highlights

  • Total net service revenues grew 4.5% to $69.8 million
  • Home & Community segment net service revenues increased 6.4% to $57.3 million
  • Home Health segment net service revenues decreased 3.0% to $12.5 million
  • Net income of $1.5 million, or $0.14 per diluted share

  • Addus HomeCare Corporation (Nasdaq: ADUS), a comprehensive provider of home-based social and medical services, announced today its financial results for the three and nine months ended September 30, 2010.

    Mark Heaney, President and Chief Executive Officer of Addus HomeCare, stated, “We are disappointed with our performance in the third quarter. While our largest division, Home & Community, performed well, our Home Health business was well below our expectations. However, we expect that Home Health will become a growing contributor due to the investments we’ve made.

    “We remain focused on the Company’s accounts receivable collections and continue to make progress. In addition, the CarePro acquisition is proceeding smoothly and the business is performing in line with our expectations,” Heaney added.

    Third Quarter Review

    Total net service revenues for the quarter ended September 30, 2010 were $69.8 million, a 4.5% increase compared to $66.8 million in the prior year quarter.  The acquisition of Advantage Health Systems, which we refer to as CarePro, contributed approximately $2.5 million in revenues in the third quarter.  

    Third quarter 2010 net income of $1.5 million, or $0.14 per diluted share, including $0.01 per share in acquisition related expenses, was based on 10.7 million diluted shares outstanding.  This compares to net income after preferred stock dividends of $0.9 million, or $0.40 per di
    '/>"/>

    SOURCE Addus HomeCare Corporation
    Copyright©2010 PR Newswire.
    All rights reserved

    Page: 1 2 3 4 5 6 7 8 9 10

    Related medicine technology :

    1. American Association for Homecare Backs Bipartisan Bill to Eliminate Medicare Bidding Program for Home Medical Equipment
    2. American Association for Homecare Proposes Strong Anti-Fraud Measures in Medicare, Applauds HHS Testimony Today That Pledges to "Stop Fraud Before it Starts"
    3. Home Medical Equipment Providers and Lawmakers Discuss Cost-Effective Role of Homecare During Washington Meeting
    4. NewLife Homecare Partners With ChronoMed to Offer Customized Nutritional Program for Bleeding Disorder Community
    5. New Jersey Home Medical Providers Call on Congress to Preserve Homecare as an Option for Seniors and People with Disabilities
    6. New York Home Medical Providers Call on Congress to Preserve Homecare as an Option for Seniors and People With Disabilities
    7. California Home Medical Providers Call on Congress to Preserve Homecare as an Option for Seniors and People with Disabilities Under Medicare
    8. Michigan Home Medical Providers Call on Congress to Preserve Homecare as an Option for Seniors and People With Disabilities Under Medicare
    9. Homecare Provider Testifies on Downside of Medicare Competitive Bidding Program Before House Energy and Commerce Subcommittee
    10. Delta Health Technologies ClinicalVirtuoso™ Targets Homecare Therapists
    11. EpiCept Reports Expansion of Clinical Development For Licensed Cancer Compound
    Post Your Comments:
    *Name:
    *Comment:
    *Email:
    (Date:7/23/2014)...  Lightlake Therapeutics Inc. ("Lightlake") (OTCQB: LLTP), a ... expertise in opioid antagonists, announced today that it ... with respect to its naloxone-based opioid overdose reversal ... has received an additional commitment from the National ... National Institutes of Health ("NIH"), to fund a ...
    (Date:7/23/2014)... Calif. , July 23, 2014 This ... gather in Las Vegas for ... Spearheaded by educator, author, forward thinker and private practitioner ... bring experts together to candidly discuss clinical and practice ... day event is a unique opportunity to welcome fresh ...
    (Date:7/23/2014)... Global healthcare company GSK reports Q2 results ... price competition and supply disruptions to its Consumer business. ... out that the company is very much in transition, citing ... about long-term prospects as well as the investments being ... Simon Dingemans adds that the company is reining ...
    Breaking Medicine Technology:Lightlake Therapeutics Inc. Files Investigational New Drug Application For Naloxone Nasal Spray For Reversing Opioid Overdose And Announces A Further Collaboration With The National Institute On Drug Abuse 2Lightlake Therapeutics Inc. Files Investigational New Drug Application For Naloxone Nasal Spray For Reversing Opioid Overdose And Announces A Further Collaboration With The National Institute On Drug Abuse 32014 DOCtalk Registration Now Open 22014 DOCtalk Registration Now Open 3
    (Date:7/24/2014)... Jose, California (PRWEB) July 24, 2014 ... Molecular diagnosis represents a rapidly expanding sector in ... probes, biochips, specimen collection devices, new detection technologies, ... high on sensitivity, versatility, and speed. In addition ... embraced for its benefits in patient stratification, drug ...
    (Date:7/24/2014)... 24, 2014 Representatives from the internationally ... hand to provide educational and support resources at the ... week in Colorado Springs. , The Annual Meeting brings ... most renowned neurointerventional research centers in the ... together (with or at) symposiums, physician meetings, exhibit hall ...
    (Date:7/24/2014)... 2014 “To care for him who shall ... orphan.” The inspired quote is attributed to Abraham Lincoln. It ... Affairs (VA). And yet the reality of Lincoln’s words, and ... for their service in times of conflict, leaves much to ... veterans locked in a battle they never expected to wage: ...
    (Date:7/24/2014)... CA (PRWEB) July 24, 2014 The Republic ... unveil a new CARDAMOM CRÈME BRÛLÉE TEA to celebrate “The ... Spielberg, Oprah Winfrey and Juliet Blake. A hundred-foot journey begins ... and cross over into a new realm that is far ... however small in physical distance that materially changes the course ...
    (Date:7/24/2014)... Crawford Technologies today announced the ... with AIIM, focusing on global trends in high-volume ... the survey indicated that even though organizations stated ... customer service, legal and regulatory compliance and historical ... exact facsimiles of these documents. , The survey ...
    Breaking Medicine News(10 mins):Health News:Increasing Molecular Level Understanding of Disease State & Metabolism Drives the Molecular Diagnostics Market, According to New Report by Global Industry Analysts, Inc. 2Health News:Increasing Molecular Level Understanding of Disease State & Metabolism Drives the Molecular Diagnostics Market, According to New Report by Global Industry Analysts, Inc. 3Health News:Increasing Molecular Level Understanding of Disease State & Metabolism Drives the Molecular Diagnostics Market, According to New Report by Global Industry Analysts, Inc. 4Health News:Brain Aneurysm Foundation Provides Key Support to NeuroIntervential Physicians 2Health News:LawyersandSettlements.com Interviews Veterans Benefits Attorney Shanin Specter about Recent VA Hospital Reports 2Health News:LawyersandSettlements.com Interviews Veterans Benefits Attorney Shanin Specter about Recent VA Hospital Reports 3Health News:LawyersandSettlements.com Interviews Veterans Benefits Attorney Shanin Specter about Recent VA Hospital Reports 4Health News:LawyersandSettlements.com Interviews Veterans Benefits Attorney Shanin Specter about Recent VA Hospital Reports 5Health News:The Republic of Tea Unveils New Tea Inspired by “The Hundred-Foot Journey” 2Health News:The Republic of Tea Unveils New Tea Inspired by “The Hundred-Foot Journey” 3Health News:AIIM Research Shows 56% of Organizations Not Utilizing Digital Archiving Technology 2Health News:AIIM Research Shows 56% of Organizations Not Utilizing Digital Archiving Technology 3Health News:AIIM Research Shows 56% of Organizations Not Utilizing Digital Archiving Technology 4
    ... as "lazy eye," is a major cause of vision problems ... aged 20 to 70 in developed countries. In amblyopia the ... loses visual power as a result. When the condition is ... of children achieve 20/30 vision or better, the Amblyopia Treatment ...
    ... with rufinamide results in a significant reduction in seizure ... seizures (POS). Details of this study are now available ... Wiley-Blackwell on behalf of the International League Against Epilepsy. ... worldwide population according to the Centers for Disease Control ...
    ... study, derived from novel sleep research conducted by University of ... secret to a long life may come with just enough ... enough; eight hours is probably too much. A team ... of psychiatry at UC San Diego School of Medicine, revisited ...
    ... and MIT have reported a new way to biosynthesize ... an engineered strain of E. coli bacteria. ... to achieving cost-effective, large-scale production of Taxol and the ... work is reported in the October 1, 2010, issue ...
    ... neurologic disorders such as stroke, headache, Parkinson,s disease, epilepsy and ... journal Neurologic Clinics . Guest editor is Dr. ... University Chicago Stritch School of Medicine. "Great therapeutic strides ... decades," Biller wrote in the preface to the November 2010 ...
    ... MD, chief of Infectious Diseases at Nationwide Children,s Hospital, ... in a five-year, $3.4 million grant from the Eunice ... Development. Dr. Ramilo and a team of more than ... use of novel technologies for distinguishing between bacterial and ...
    Cached Medicine News:Health News:Is photoscreening the best way to catch 'lazy eye'? 2Health News:Adjunctive rufinamide reduces refractory partial-onset seizures 2Health News:Women's study finds longevity means getting just enough sleep 2Health News:Researchers advance biosynthesis of potent anti-cancer drug Taxol 2Health News:NCH investigators receive grant to distinguish bacterial infections from viral infections in infants 2
    Ballard trach care HMES and filters, tv 500, HME...
    ... Thermovent® T helps provide protection to the exposed ... and extremely lightweight making it ideal for active ... high rate of heat and moisture recovery, it ... ,All HMEs and filters have ISO standard tapered ...
    For use with: , pulmonary function testing , nebulizer compressors , humidifiers , concentrators , proximal pressure lines ...
    Indications For Usage: , ,For use during pulmonary lung function testing...
    Medicine Products: